Cambridge Investment Research Advisors Inc. Sells 57,751 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Cambridge Investment Research Advisors Inc. decreased its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 671,391 shares of the exchange traded fund’s stock after selling 57,751 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.64% of First Trust Morningstar Dividend Leaders Index worth $25,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FDL. Jones Financial Companies Lllp acquired a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $43,000. Cullen Frost Bankers Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth about $47,000. Sound Income Strategies LLC bought a new stake in First Trust Morningstar Dividend Leaders Index during the first quarter worth about $62,000. Transcendent Capital Group LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $79,000. Finally, Palisade Asset Management LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index in the first quarter valued at $81,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL traded down $0.16 during trading hours on Tuesday, reaching $41.12. The company’s stock had a trading volume of 329,755 shares, compared to its average volume of 658,280. The firm has a market cap of $4.29 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $41.45. The company’s 50-day moving average is $39.31 and its 200-day moving average is $38.19.

First Trust Morningstar Dividend Leaders Index Company Profile

First Trust Morningstar Dividend Leaders Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the Morningstar Dividend Leaders Index (the Index). The Fund will invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the Index.